A person who would like to invest money they have earned should be able to invest in any way they see fit, without the need to take special tests or courses, or have additional imposed restrictions based on net worth or any other financial regulation that limits how or where they choose to invest their money.
I've successfully used leveraged and inverse funds for several years, and have been able to more quickly rebuild my retirement account as a result of the economic damage incurred during the last financial crisis.
I strongly support these investment tools that believe they should continue to be available to everyone without restrictive policies and exclusions.
Summary
FINRA has adopted amendments to Rule 6732 (Exemption from Trade Reporting Obligation for Certain Transactions on an Alternative Trading System) to expand the scope of the exemption to include eligible ATS transactions that involve only one member (other than the ATS). As amended, a member ATS may apply for the exemption for transactions between a member subscriber and a non-member entity
SUGGESTED ROUTING
Senior Management
Corporate Finance
Legal & Compliance
Mutual Fund
Executive Summary
On March 2, 1995, the Securities and Exchange Commission (SEC) approved amendments to Article III, Section 44 of the Rules of Fair Practice (Corporate Financing Rule) to exempt modified guaranteed annuity contracts and modified guaranteed life insurance contracts from
Investors not regulators should be able to choose the public investments that are right for our financial goals. Public investments should be available to all of the public, not just the privileged. Leveraged and Inverse funds are an important part of the choices available to investors as we manage our portfolios, and there should be no restrictions on them. Thank you, Glenn Hofmann
I wholeheartedly disagree with this restriction. It make very little sense to oppose the general public's ability to invest and make money the same way the major bank do, out of an poorly conceived intentions to of "helping" the general public, while been in facts enemies of progress to the advantage of major financial institutions and the detriments of the "
Public investments should be available to all of the public, not just the privileged. While this may be thought to protect the small investor, it just puts more baricades in place. The area of protection that the public needs is from big banks doing risky, convoluted investing and trading, causing market crashes, like the 2008 financial crisis.
I actually agree with the proposal as I understand it. If the .com meltdown and especially '08 meltdowns have taught us anything, it's that it is not a level playing field when it comes to knowledge of financial markets and people need to be, if not protected from themselves, then at least given a 'reality check' concerning their suitability to be investing in
Complex financial products(Leveraged and inverse funds) are well explained in disclosures and everyone is well aware of the risks involved before investing in them. You should not have to be an accredited investor or go through special processes to have access to these types or investment options. We do not need additional rules and regulations on these types or products.
It is abhorrent that financial institutions are able to manipulate markets with zero consequences. They are able to insider trade and commit fraud. Why is there no punishment?
